Data and information management

In two outlook papers, Deloitte advises carriers how best to navigate an industry undergoing rapid digitally driven change.

The major attacks included WannaCry, ExPetr, and BadRabbit, which all used exploits designed to compromise corporate networks.

Many organizations are harnessing only a fraction of the potential value of analytics and thus missing out on the chance to turn insights into a competitive advantage.

Coverage gaps will become common as less people are reached to buy insurance through traditional channels.

Major business intelligence providers are building tools designed to introduce more employees to data analytics, with a focus on three key areas: accessibility, collaboration and consumability.

But chief data officers find that with more respect comes greater responsibility.

Most existing insurers will not survive in their current form, say 44% of respondents to a PwC survey.

Tom Bolt is charged with helping the company improve pricing decisions using data and analytics.

Even though a majority of organizations have adopted or plan to adopt IoT technologies within the next year, many are still concerned about cybersecurity threats, says Peter Tsai.

The companies' complementary analytics backbones can provide a fuller view of customers.

When moving away from familiar systems and deploying something new, a failure to plan properly could be disastrous.

Fewer than half of programmers are confident in the code they write and run, with 60 percent lacking confidence in the security of their applications, says Joe McCann.

The insurtech will collect data on driver smartphone interaction, which will be analyzed to predict future underwriting losses.

Getting the right people in place is as crucial to ensuring success during, and beyond, implementation of new technology, says Novarica brief.

The insurer partners with California-based insurtech Carpe Data to further investigate incoming claims.

New unit will invest in startups with expertise in mobility, connected health, data intelligence and cybersecurity.

A November report finds consumers prefer that carriers determine premiums based on driver behavior, rather than traditional factors.

A cybersecurity governance group with multiple stakeholders will help the organization understand security initiatives and align them with the business.

The move has enabled the reinsurer to develop a new underwriting system, leading to faster product launches and enhanced data analytics.

Carriers know they must adapt to meet customer expectations, but a downward trend of prices is concerning, says Simon-Kucher & Partners study.